8. “Once Spacehive got involved, it was a brilliant
effort. It gee'd the community up and they
increased their participation when they saw money
coming in on the internet. Everyone was chasing
that target and the whole atmosphere on the estate
changed when they realised it was going to become
a reality. Now the building has started going up and
there's a real buzz.“
– Doug, Mayor of Glyncoch
I founded Spacehive – a funding platform for neighbourhood improvement projectsWe want to pump investment and creativity into public space in the public interest.
model works by combining the reach of the cloud with the collective financial clout of the crowd
1: communities or architects upload projects to Spacehive.com2: Spacehive checks they can be built 3: Supporters pledge donations4: If it gets funded it’s built, if not nobody pays a penny
Tough test for the model7 yearsDeprived.State dependent. Cynical
… in a campaign thatstarted local…Fry tweetedEnded Tesco, Admiral, Patagonia Mayor:Not just the money “you made people think things are possible”
Empowers ordinary Londoners: you get to fund new parks as easily as buying books onlineBusinesses: you get to split the cost of high street improvements that drive up footfall Corporates: you get to connect with your client base by pledging to projects they loveCouncils: you get to share the cost burden and keep voters happy
